Time is running out to apply for the B.C. homeowner grant
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Eligible B.C. residents should take note that the time they have to apply for their provincial homeowner grant is running out.
The B.C. homeowner grant offers eligible property owners in Metro Vancouver, the Fraser Valley, or the Capital Regional District $570 to help cover property taxes on their principal residences. For all other areas in B.C., the grant amount is $770.
Property owners can get the full grant if their property has an assessed or partitioned value of $2,175,000 or less.
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If a property’s assessed or partitioned values exceed that, owners will be eligible for a reduced grant amount, which deducts $5 for every $1,000 of assessed value above $2,175,000.
No regular grant is offered if the residential or partitioned value is over $2,289,000 ($2,329,000 in the northern and rural areas). This also applies to the additional grant amount, which is $0 if the residential or partitioned value is over $2,344,000 ($2,384,000 in the northern and rural areas).
Further information about partitioning property value can be found on the B.C. government’s website.
Homeowners should have already received their BC Assessment notice this year detailing what their home is valued at, and they were hopefully also given their property tax deadline date.
If you apply for the grant and are successful, they won’t send you the cheque. Instead, it will apply towards your property tax payment, which is why the deadline is coming up soon.
“If you apply for the grant after your property taxes are due, late payment penalties may apply to the unpaid portion of your property taxes. The homeowner grant is a form of payment towards your property taxes, and it’s considered a late payment if you apply after the property taxes due date,” the province says on its website.
Property tax deadlines are coming up
In Vancouver and Burnaby, main taxes are due on the second business day of July (Thursday, July 3), and so is the deadline to claim the grant. This is also the last day to complete a deferment application or renewal to avoid a five per cent penalty on an unpaid balance.
For Maple Ridge residents, the deadline is a day earlier, on July 2. The penalty for not paying by that day is also five per cent, and it jumps to 10 per cent on Sept. 3, 2025.
The deadline is also July 2 for Surrey. A five per cent penalty applies for not paying by midnight on that date, and residents will be charged an additional five per cent if after Sept. 2.
Remember, the grant will not fully cover your property taxes.
“Property owners must pay at least $350 in property taxes before receiving the regular grant,” notes the Province.
“Property owners who may qualify for the additional home owner grant instead of the regular grant (for example, seniors, veterans, or persons with a disability) must pay at least $100 in property taxes before receiving the grant.”
With files from Claire Fenton
This article was originally published on May 30, 2025, and has since been updated
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